Lynas Rare Earths (OTCMKTS:LYSDY) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.15 and traded as low as $9.52. Lynas Rare Earths shares last traded at $9.94, with a volume of 608,592 shares traded.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lynas Rare Earths currently has an average rating of “Strong Buy”.

Lynas Rare Earths Trading Up 3.8%

The business has a fifty day simple moving average of $12.15 and a two-hundred day simple moving average of $12.58. The company has a current ratio of 9.25, a quick ratio of 7.94 and a debt-to-equity ratio of 0.05.

About Lynas Rare Earths

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.